Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
world, but they should also offer second-best
solutions that utilize the knowledge of the authorities in that country in … country and the Rest of the World output,
respectively. They both depend on the country’s adjustment program s.
12
The … policies in the rest of the world are taken as given, namely we do not consider strategic
interactions among countries.
12
12 …